How coming clean to the taxman has lost its carrot
Our head of Disputes & Forensics, Liz Coleman recommends that IT contractors and other taxpayers take the opportunity of HMRC’s new Worldwide Disclosure Facility (WDF) to reveal any still secret offshore arrangements before the collection regime gets even more tough. Sadly, there are no incentives to do so, but the penalties are eye-wateringly draconian. Her blog appears on the Contractor